Wednesday, 15 August, 2018

Brexit: 'no deal would cut Scottish GDP growth by 9%'

Worst-case scenario post-Brexit avoided UK analysis shows big economic hit from Brexit
Ellis Copeland | 09 February, 2018, 02:26

The impact of Brexit would be worse (ironically) in Brexit supporting regions.

The new revelation shows that the north east will suffer the most if Britain can't strike a deal with the EU.

By comparison, a free trade deal would hit London's growth by just 2%, growing to 3.5% in a no deal scenario, and just 1% if the country stays in the single market.

And, should the European Union become derailed with no deal - an option that has not yet been completely ruled out - then economic output in the Midlands could be hit even harder. By contrast, London would only be affected by 3.5% under the worst-case scenario.

In response to the full regional breakdown, Labour's shadow Brexit minister Paul Blomfield said: "These figures are further evidence of why the Tories must rethink their reckless approach to the Brexit negotiations".

"Our region is not prepared to take this hit, especially in the context of ceasing to be the beneficiary of vital European Union funding that has helped North East economy for many years".

"To see this figure in black and white, however, is a real shock".

North East England, in a "no deal" situation, could face a 16% hit to GDP. This is frankly a nightmare scenario for our region and for the government to be aware of this and still be willing to consider a no deal Brexit is absolute madness.

By comparison, London would sustain just a 2 per cent hit to growth if the United Kingdom gets a free trade deal, 3.5 per cent in a no deal scenario, and just 1 per cent if the country stays in the single market.

Khloe Kardashian considered surrogacy
He then asks, "Are you pregnant? ". "It feels good to announce it and now be in tight clothes and feel like it doesn't matter". Caitlyn explained why she sent the family her book, but left out the pages about her gender reassignment surgery.


New 'Black Panther' Concept Art & Interviews Will Be Featured In BTS Book
Black Panther star Andy Serkis has said that having a film with a predominantly black cast and a black director is long "overdue". Jordan , the star of Coogler's first two films".


Omarosa Says She Was 'Haunted By Tweets' In Trump's White House
It's not my circus, not my monkeys". "I'd like to say not my problem, but I can't say that". Manigault-Newman resigned from her position in the White House in December .


Liberal Democrat MP Tom Brake, the party's Brexit spokesperson, said: "This is a damning outlook for Britain".

"I trust that the UK Government will reflect on the arrangements that they have put in place".

But officials said they did not show the impact of the Government's preferred post-Brexit option of an "unprecedented" economic partnership with the EU.

The SNP government's January report found that a no-deal Brexit would cost the Scottish economy nearly £13bn a year by 2030. We want some level of representation for the North in the European Parliament as you have to bear in mind that nearly half of the people who live in the North see themselves as Irish. "They should be allowed a vote on the final deal and a chance to exit from Brexit".

"The public have a right to know, and a right to reverse this if they wish". Within hours of the documents being made available to MPs, the BBC obtained details of the analysis on a regional basis.

In Commons on Wednesday, the SNP's Stephen Gethins appeared to confirm the 12% figure for Northern Ireland in a question to Northern Ireland Secretary, Karen Bradley.

However, if there is a no-deal Brexit, the UK Government's assessment of a 9% drop in GDP is even more severe than the Scottish Government's analysis, released last month, of 8.5%.

Ministers in the European Union exit and trade (strategy and negotiations) sub-committee considered the issues of immigration and Northern Ireland on Wednesday and are expected to discuss the crucial issue of the UK's future relationship with Brussels on Thursday.

The Prime Minister's official spokesman said she had previously "made the point that what it doesn't model is the deal which she is actually seeking".

Recommended

Two British IS fighters known as 'Beatles' captured by Kurds in Syria Two British IS fighters known as 'Beatles' captured by Kurds in Syria Former child refugee Elsheikh was a mechanic from White City in west London, and Kotey was from Paddington. What is the state of IS in Syria? Emwazi was killed during a 2015 air strike in Syria.

Amazon delivering groceries from Whole Foods, plans for expansion Amazon delivering groceries from Whole Foods, plans for expansion While Prime Now doesn't offer rapid delivery of all items offered by Amazon, it does amount to thousands of available goods. Amazon is now the number one online seller of groceries, accounting for 18% of total sales, a Packaged Facts report notes .

Bush: There's "Clear Evidence" Of Russian Election Meddling Bush: There's US President Donald Trump speaks on tax policy during a visit to Sheffer Corporation, Monday, February 5, 2018, in Blue Ash, Ohio. Bush, who was critical of President Trump's approach to DACA, said "America's their home", referring to the program's recipients.

Turkey, Russia look to strengthen military and security ties in Syria Turkey, Russia look to strengthen military and security ties in Syria Russian president Vladimir Putin hosted Turkish and Iranian talks in November - the first such three-way summit between the trio. Rouhani also said Iran believes Syria's territorial integrity must be preserved.

Border Sealed, Security Heightened As PM Modi Visits Tripura Today Border Sealed, Security Heightened As PM Modi Visits Tripura Today Criticizing Chief Minister Manik Sarkar, whose Dhanpur constituency falls in Sonamura, Modi said: "Under his (Sarkar's) white kurta, there is a dark side".

All female North Korean cheering squad arrives at Winter Olympics All female North Korean cheering squad arrives at Winter Olympics Moon has looked to the games as an opportunity to pursue a diplomatic opening with the North - a move Pence cautioned against. Pence will head the USA government delegation visiting the Olympics' opening ceremony at Pyeongchang, South Korea.

Kennedy pans President's plan for military parade Kennedy pans President's plan for military parade Also, Russia last July held a Navy Day military parade with thousands of sailors, warships, submarines and aircraft in St. But he said what he called a "Soviet style hardware display" would be "cheesy" and show weakness instead of strength.

Appeal hearings begin for Russians ahead of Olympics Appeal hearings begin for Russians ahead of Olympics CAS ruled there was insufficient evidence to show they had broken doping rules during the 2014 Sochi Winter Olympics. The CAS was scheduled to announce a decision but the hearings could not be completed on Wednesday.

Toys R Us Begins Liquidation Gross sales Forward of Retailer Closings Toys R Us Begins Liquidation Gross sales Forward of Retailer Closings USA Today reported that some stores, including those in MA , will be hosting sales as early as Wednesday and last until April 15. The press release notes that closing stores will continue to honor gift cards and special credit card deals.

Dana White Outlines Condition to Make Floyd Mayweather - Conor McGregor 2 Happen Dana White Outlines Condition to Make Floyd Mayweather - Conor McGregor 2 Happen Crucially, those apparent talks concern an MMA fight, with Dana White all but confirming that this time around, it will be Mayweather who is forced to step outside his comfort zone.

Bermuda repeals same-sex marriage legislation in world first Bermuda repeals same-sex marriage legislation in world first He continued, "This decision strips loving same-sex couples of the right to marry and jeopardizes Bermuda's global reputation and economy".

Oldest Known Briton Cheddar Man Had Dark Skin, Blue Eyes Oldest Known Briton Cheddar Man Had Dark Skin, Blue Eyes The Cheddar Man is named after Cheddar Gorge , a location in Somerset, in England, where cheddar cheese was first popularized. This allowed the team to compare markers for physical traits, and determine what the Cheddar Man could have looked like.

'Venom' Trailer Starring Tom Hardy Debuts Without Venom 'Venom' Trailer Starring Tom Hardy Debuts Without Venom All in all, it's an intriguing teaser, but if I had no idea who Venom was, I wouldn't be sure what they were trying to sell me. Plot details are still sparse, but we know the thriller is based on Venom's first solo book, 1993's Venom: Lethal Protector .

Dozens more people die from flu in North Carolina Dozens more people die from flu in North Carolina What health officials are calling a "severe" flu season claimed another four lives across the London area last week. More information about the Flu Buddy Program can be found on the Carolina Dining Services website .

Kylie Jenner and Travis Scott Are NOT Living Together, Despite Stormi's Birth Kylie Jenner and Travis Scott Are NOT Living Together, Despite Stormi's Birth The model went on to say, "I think that she's so awesome for doing this the way that she's done it". Stormi was born at Cedars-Sinai Medical Center in Los Angeles on Thursday, Feb. 1 at 4:43 p.m.